Land Office reports $52.6 M in earnings

The New Mexico State Land Office earned $52.6 million in January for the 22 beneficiaries of the 9 million acres of state trust land it manages on their behalf.

Of that total, $47.6 million went to support the state’s public schools, the Land Office said in a news release. About $1.8 million went to state colleges and universities, and $1.4 million went to special schools like the New Mexico School for the Blind and Visually Impaired and the New Mexico School for the Deaf.

“The New Mexico State Land Office is working hard to ensure that revenues are optimized to support the public schools, universities and hospitals,” said Land Commissioner Ray Powell. “We are also working with the private sector, our sovereign tribes, our local, state and federal agencies, and our local communities to create jobs for New Mexico.”